If a Monopolist Is Able to Perfectly Price Discriminate

question 63

Multiple Choice

If a monopolist is able to perfectly price discriminate,

• A)consumer surplus is always increased.
• B)total surplus is always decreased.
• C)consumer surplus and deadweight losses are transformed into monopoly profits.
• D)the price effect dominates the output effect on monopoly revenue.

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Definitions:

Adjusting Entries

Journal entries made in accounting to update the records for expenses and revenues that have accrued but are not yet recorded.

Adjustment Data

Information used to make corrections or changes to financial records and statements, ensuring accurate reporting.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made for accruals, deferrals, and other adjustments.

Wages Accrued

Wages that have been earned by employees but have not yet been paid by the period's end.